How many Life Insurance?
I have searched many insurance agencies and I should say this one is the best optimaltravel.ca
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I have life insurance on myself and I list my parents as primary beneficiaries and my siblings as contingent beneficiaries because I'm single and want to leave something behind to them in case I die.
You can check your local phone book or online to find an agent andget quotes. Independent brokers are best as they represent amultitude of companies and can literally shop for the best policyto your specific needs and qualifications. But, here I can help youto mention top insurance company of USA: A…merican General, AmericanNational Insurance Company, Rais Insurance, Banner Life and RaisInsurance. They help you to cover best prices and individualcommitment to every client. (MORE)
Not nearly enough. Actually, some studies show that as many as 40 percent of the people that die in the US have no life insurance at all, and over 50 million people in the US are under insured or don't own their insurance. Three in four middle-market households (households with incomes between $35,…000 and $124,999) have some life insurance, but 3 in 10 admit they do not have enough coverage. (MORE)
With a wide range of life insurance policies available in themarket today, it is important to know how to select the bestoption. With rising awareness about financial products and itsbenefits, an increasing number of individuals are investing indifferent types of life insurance policies. In return …for the insurance company's promise to pay, the purchaserof the policy pays a periodic sum of money called a "premium". Inmost cases, the premium can be paid monthly, quarterly or annually.If premiums are not paid as agreed, the policy may lapse. Thisquickly occurs in the case of term insurance which does notaccumulate "cash value". Cash value accumulates in "whole life"policies but not in "term insurance" policies. Cash value may be thought of as a savings account within thepolicy. If cash value has accumulated and premiums stop, theaccumulated cash value may be used to pay the premiums. Once thecash value has been fully used, the policy will lapse fornon-payment of premium. A person can buy insurance on his/her own life. Additionally,another person or entity, such as a business partner or acorporation, can buy insurance on another person provided that thatbuyer has an "insurable interest" in the life of the person to beinsured. An insurable interest essentially means a "stake" in thecontinued life of the person insured. The stake can be financial,based upon certain family relationships, or other reasons that theinsurer permits and State law recognizes. (MORE)
Who can you insure for life insurance? . can you obtain a life insurance policy on some one other than your spouse or child? . Yes. You can obtain life insurance on anyone with whom you have an insurable interest. Each person has an insurable interest in his or her own life, and therefore c…an select anyone as a beneficiary. 1. Parent and child, husband and wife, brother and sister have an insurable interest in each other because of blood or marriage. 2. Creditor - debtor relationships give rise to an insurable interest. The creditor can be the beneficiary for the amount of an outstanding loan. 3. Business relationships give rise to an insurable interest. An employee may insure the life of an employer, and an employer may insure the life of an employee. (MORE)
Life insurance is a necessity. It is cheap, especially if you areyoung and healthy. Even if you are older or suffer from healthimpairments, you can find life insurance companies which look morefavorably on your particular situation and offer you a good rate. Alife insurance policy can provide financ…ial relief for your familyat a time when they need it the most. Having no life insurancecoverage with dependent children and a spouse can throw a familyinto financial turmoil in the event of a premature death. Find outtoday how life insurance can change your life. Visit: Let's Insure, PO Box 1192, Chatswood NSW 2057, Phone: 1300 355 355 (MORE)
At last count, there were in excess of 2000 companies selling life insurance in the US.
Life insurance is where you pay premiums periodically for a setnumber of years and then when you pass away the value of your lifeinsurance policy is awarded to the beneficiary you choose (usuallya spouse or your children) to pay for your outstanding debts,funeral, tuition, retirement, etc. so they d…on't have to pay forthose expenses out-of-pocket. (MORE)
Basically Perm and Term. Perm or whole life or Cash Value life can be several different types such as Single Premium Whole Life, Indexed Universal Life, Universal Life, several different variations of WL such as Interest Sensitive WL and then there are the variables. Also, the "new" term pays you al…l your money back in the end.. Answer . Broadly there are two types of life insurance: a. Term life insurance b. Permanent life insurance Term life insurance can be further categorized into: a) Annually renewable term life insurance (ART) b) Guaranteed level term life insurance c) return of premium life insurance (ROP) While permanent life insurance can be further categorized into: a) Whole life insurance b) Universal Life insurance c) To age 100 level guaranteed life insurance d) Survivorship or 2nd- to- die life insurance (MORE)
As many as you want. Usually there is only a limit on the total value of the insurance policies you can have on your name. This is based on your annual salary. For ex: Bill gates can get a policy for 10 billion USD because he can afford to pay the premium on the policy whereas if I ask for the same …amount, the insurance company will turn it down. (MORE)
Life insurance companies may insure or guaranty your life insurancepolicy in one of two ways. First, a life insurance company may buyreinsurance to re-insure the losses they may pay out for their bookof life insurance business in any given year. Also, licensed lifeinsurance companies contribute to l…ife insurance guaranty funds. Alife insurance guaranty fund is a form of protection providing afund that pays out money to policyholders if their life insurancecompany is licensed in the state, and unable to meet theirfinancial obligations. Some life insurance guaranty funds pay out$100,000 -$500,000 per policy depending on the state, and theamount of life insurance you have. Many states pay out up to$300,000 per life insurance policy. Life insurance protection comes in many forms,and not all policies are created equal. It depends on variousfactors. While the death benefit amounts may be the same, thecosts, structure, durations, etc. vary tremendously across thetypes of policies. (MORE)
Call any reputable company. State Farm, All State, Prudential, and such. Please stay away from the staggeringly good offers that you'll hear of on the net and on TV.
Answer 1 Yes i have life insurance that can pay well to my family after mydeath. At least, they will not depend on some one else. If i willalive that time i would like to convert it as my pension to securemy further future. Life is so insecure, if something happen to youat least that amount will he…lp your family to live better. Else,you can get the information on Life insurance and about their plan:Rais Insurance. Answer 2 NO. While I would recommend life insurance in order to betterprotect your loved ones financially after your death (or at minimumpay for your funeral expenses), I am not aware of any legalrequirement to have life insurance in any district or any country.(There is a possibility that such a requirement may exist in someesoteric jurisdiction, but it is certainly not common.) So, you donot "have to have life insurance", but, if you are a wage-earner inthe family, you should have life insurance. (MORE)
Where to get Life Insurance There are many fine company web sites that make life insurancequotes available on the internet. The problem with most quotes isthey fail to ask the right questions or do not know which carriersview certain underwriting issues differently. You are always in a better positi…on to speak with an independentlife insurance agent that can give you suggestions on how to makecoverage affordable. You may also get our free guide to lifeinsurance at from us at LifeNet Insurance Solutions. (MORE)
there are 22 life insurance companies in India among these 22 companies Sahara and reliance are not spread to foreign countries
Insurable interest refers to when someone (called Person A) wants to buy life insurance on another person (Person B). In order for Person A to buy life insurance on Person B, there must be an emotional and financial loss to Person A if Person B dies. You can't buy life insurance on some random perso…n. Insurable interest does not apply to beneficiaries. You can name anyone as beneficiaries, whether they are related to you or not. If you are planning to get an affordable life insurance, i recommend you visit the site below and get insurance quotes. The site will pull up comparable premiums between different insurance companies and show you the best quote. http://www.goodinsurancepolicy.com (MORE)
Now. Better yet, last week. Don't smoke. While smoking does not inevitably CAUSE disease, it lowers your resistance and greatly increases the probability that you will get sick. There are hundreds of illnesses related to smoking, from lung cancer to emphysema to heart disease. We all die of so…mething; die of something other than smoking. It's a NASTY death. (MORE)
Mostly families who have dependent kids have life insurance. And also people who been tricked into buying cash value life insurance. People don't buy life insurance. They are sold on it.
Our company, Financial Media Group LLC, Centennial, CO, compiles this information annually. There are approximately 1.2 million licensed life insurance agents nationally. However, approximately 50% of these may be part-time or not actively producing.
More than a dozen. The problem is drawing attention with talks of the insurance world the next to receive bailout attention.
The beneficiary has to have an insurable interest in the insured. The insured has to pass certain qualifications in order to be insured.
Great question! Most state laws require the insurance company to pay a claim within 30 to 90 days, however there are caveats. The caveat is "unless more time is required". This, of course, allows an insurer to delay as long as they want. If you have a claim that is being delayed I recommend you cont…act the Center for Life Insurance Disputes. They help people with delayed and denied life insurance claims. (MORE)
As soon as you are capable to pay the premiums, there is no limits. You can have as may policies as you wishh.
There are many life insurance policies available in the market which offers you impressive features at reasonable premium. I would suggest you to get quotes from various life insurance providers and accordingly select a best plan which offers you good savings and features. I have purchased a life in…surance policy from Bajaj Allianz and I am quite satisfied with the offerings and it is significantly cheaper than other offline term plans. (MORE)
Life insurance, as the name suggests, is insurance on human lives. Life insurance policies are considered to be "valued policies" because they are purchased in finite amounts, rather than designed to pay damages or the then-current value such as property insurance does. Life insurance comes in se…veral varieties, the main categories being term life and whole life. Term life insurance remains in force as long as premiums are paid, but has a definite termination date (such as 20-years). If the insured does not die during that period, the insurance expires and there is no remaining value. Stated otherwise, it may be said to represent "pure protection". In contrast, there is "whole life". A part of the periodic premium is applied to pay for the death benefit, and another part of it is applied to a savings element. The savings element accumulates slowly at first, and depending upon the nature of the policy, may be used to invest in an array of income-earning assets, such as mutual funds, that the insurer offers as "investment" options. The earnings of the policy is referred to as "cash value", and depending upon the terms of the policy, may be used by the insured or the owner of the policy for a variety of purposes, including borrowing it. If left untouched, the cash value may reach a point where it fully supports ongoing premiums such that the insured has to pay nothing more. "General insurance" is the term often used to refer to non-life policies, such as homeowners, auto, and other forms of property and casualty coverage (MORE)
Getting a life insurance is a good thing to protect you and your loved ones.
Anyone who has an insurable interest in you may purchase a lifeinsurance policy on you. However, the insurer may require that yougive permission and sign the application for coverage. Some peoplewho have an insurable interest in you may include your parents,spouse or partner, your adult children, bu…siness partners, oranyone who relies on you for some form of financial support. (MORE)
It is usually a simplified issue whole life policy. Burialinsurance requires little testing and is issued quickly. Thedownside to that is paying a higher premium than you would throughtraditional whole life insurance. You can also take the help ofexperienced insurance agent who will assist you bette…r indifferentiating life insurance and burial insurance. I can suggestyou the Rais Insurance as they are serving the servicessince 1982 (MORE)
At the end of 1995, life insurance companies covered plans with 65.4 million people and provided retirement income to 6.4 million people.
None. Life Insurance Companies never fail. If they get into trouble another life insurance company will take over the assets and liabilities of the troubled company. This is an industry approach so that the public will maintain it's confidence in the life insurance industry. It benefits the people i…n that they will never loose out on benefits due to a family on a life insurance policy and it benefits the industry in that the public maintains confidence in the system. (MORE)
Yes, one person can obtain a life insurance policy on another as long as the policy owner has an insurable, financial interest in the life of the insured.
The % is very low and may not be more than 10% of the net population of India
It's not something you were naturally born with. Unless you took out a plan with your bank or job or somewhere and are paying into it my guess is no.
No personal lines refers to personal property and casualty coverage like homeowners, renters, auto and personal umbrella coverage.
You are going to need to find a local or well known life insurance provider. They will have you fill out papers and possible meet with somebody to discuss the terms and price.
Yes, Johnson Insurance provides options for individual life insurance policies. When you first sign-up, you have the option to choose an immediate issue or fully underwritten policy, then later you may choose between a term-life or whole life policy.
Apart from nationalized Life Insurance Corporation of India, there are 23 private Life Insurance Companies operating in India.
There are 2 primary types of life insurance. Neither is "best"because they serve different purposes and may be more appropriateat different times in one's life. One type is "whole life", if which there are several varieties.This provides both insurance protection and within the policy is anelement w…hich may be called "savings". It is referred tyo as "cashvalue". Each premium paid is allocated between the actuariallydetermined amount (based on age, health history, and other factors)to provide insurance protection. Another portion of the premiumgoes into the "cash value" which may VERY generally be thought ofas a savings account. Different companies and different policies dodifferent things with the savings element-such as give the insuredan option to invest it, at different degrees of risks, intoinvestment vehicles that the company offers. Generally, the premiumpaid for whole life insurance remains stable and predictable, butit is a higher cost insurance than term life insurance. The cashvalue can be borrowed from the policy as a "policy loan" at aninterest rate stated in the policy. The other main type of life insurance is "term life". It is oftencalled "pure protection" because premiums go strictly to thepayment of the death benefit (and administrative costs). There arevarieties of term life such that the premium can remain level for aperiod of years, after which it increases, sometimes verysubstantially--so substantially, in fact, that there may be a pointwhen the insured is unable to continue the premiums at the newlevel and has to allow the policy to lapse. The additional dangerthen is if there has been an intervening medical issue, one may berendered effectively uninsurable despite the premium. Many people start a portfolio of life insurance that combines somewhole life and a great deal of term life (because it is relativelyinexpensive) to provide adequate coverage while their family isyoung and financial needs are greatest. As financialresponsibilities decline, the need for great amounts of lifeinsurance (and perhaps the need to pay increasing premiums) mayalso decline. In all events, life insurance has to be a part of an overallfinancial plan and should be purchased after advice and counsel ofa licensed life and health insurance agent. There are mainly 5 types of life insurance policies: Term Insurance Policy Whole Life Policy Endowment Policy Money Back Policy Pension & Annuities (MORE)
Generally 25 or more people are needed for Group life insurance...............................but it may also vary in different group policies of different company, it may be 10 also.
There isn't a limit to how many policies one person may have. I have seen people have more than 10 policies. There are limits however on how much life insurance you can get. The limit is not as much in the number of policies as the total amount of coverage. Most maximum amounts are based on income… replacement. (MORE)
It depends on each company's rules, but generally you are not time restricted to file a death claim. Sometimes it takes a while to find all the policy information, probate, etc. I know of a spouse of a deceased insured who called the insurance company to cancel the policy on her husband because she… could not afford it anymore, since her husband had died two years prior and her income was very low. Of course, the insurance company sent in the claim paperwork and paid the claim! (MORE)
Life insurance is a policy people take out to ensure that theirfamily receives a pre decided amount in the event of sudden deathor loss of income.Life insurance is means protection and securityunder financial crisis.There are mainly 5 types of Life insurance policy. Term insurance is themost basic o…ne. If something happens to you,your nominee will bepaid a lump sum amount, and ensures that your family can live withthe same standard of living as before.In Endowment policy, a periodic sum is received aspremium every month and a lump sum amount in case of suddendeath.There are many other insurance policies like Money Back LifeInsurance Policy,Group Life Insurance and Unit Linked InsurancePlan that can benefit you. Many insurance companies like Max LifeInsurance ,icici prulife offers best insurance policies. (MORE)
Some required provisions in a life insurance contract are appended per seriatim :-. 1) It's superior to an ordinary savings plan.. 2) Insurance encourages and forces thrift.. 3) East settlement and protection against creditors.. 4) Administering the legacy for beneficiaries.. 5) Ready marketabi…lity and suitability for quick borrowing.. (MORE)
There are so many life insurance companies in the US that it is so hard to keep count. At last count there were about 2000 companies. There are always new companies opening up so it's sure there will be more in the future.
In the United States, it would require seven years beyond high school completion; four years for the bachelor's degree, and three years of law school to earn a juris doctor degree (JD). However, to practice, the individual must also pass the bar-exam. In most European countries and in most countries… in general, law is bachelor's degree and therefore only requires four years beyond high school completion. Regardless, you just have to be hired by a firm that specializes in insurance or has an insurance practice. However, there are not that many "Life Insurance Lawyers" since life insurance does not usually have substantial litigation, which is where insurance lawyers who deal with insurance claims primarily make their income. Probably a better way to deal with Life Insurance in a legal capacity would be as General Counsel to an Insurance Company. (MORE)
As of the year 2013 it is estimated that the compnay Genworth Life Insurance, a Fortune 500 financial security company, has an estimated 6,300 employees.
Life Life insurance is a nonprofit organization dedicated to helping people gain financial responsibility and educating people on life insurance. You can get more information at the Life Happens Organization website. Once on the page, click on "About Us" in the top navigation to bring up the informa…tion. (MORE)
There are two main categories of life insurance: whole life and term insurance. Whole life insurance is an insurance policy combined with an investment account and has several variations such as universal life and variable life. Term life insurance has no investment account, but provides a set sum… of money should one die within the specified term of coverage. Variations of term life insurance include annuable-renewable and level-term policies. (MORE)
The Insurance company which provides insurance coverageundercontractual obligation with the insured, is called the Insurer ininsurance parlance.
In India, LIC of India sells health policy viz., Jeevan Arogya. Buttechnically, health insurance policy comes within the purview ofgeneral insurance. Star Health & Allied Insurance Co.Ltd. inthe general insurance sectors sells only Health insurance polcies.